The International Chamber of Shipping (ICS), representing 80% of the worlds merchant fleet, has warned of supply chain disruption should the free movement of Ukrainian and Russian seafarers be impeded. The Seafarer Workforce Report, published in 2021 b…
The outbreak of war in Eastern Ukraine has raised fears about the impact of further sanctions on global energy markets, coupled with the UK Prime Minister’s announcement today of “a massive package of economic sanctions” to come. As f…
Why the West may sanction Russian Shipping Companies before it sanctions Oil & Gas Read More »
The demolition market has come alive over the past few weeks, as firmer rates have triggered an increased supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “it would appear the recent firmer rates …
Ship Recycling Picks Up Pace Read More »
Last month we outlined all the fundamental reasons why Brent crude prices were justified in the $80 region and why prices were expected to fall to the $70s in the second half of this year (and that bunker prices would follow the trend). We ended the no…
VLSFO Prices Are At An All-time High – Politics Have Trumped Oil Fundamentals Read More »
Ocean carriers have generated about $190 billion of annual profits and about $130 billion of fresh cash in 2021, obtained mainly by charging higher prices. But will this exceptional transfer of cash be put to good use? The latest quarterly results anno…
Will the ocean carriers’ cash machine help or hurt shippers? Read More »